VET Student Loans

VSLs are only available for approved courses at the diploma level and above. This means that you can't get a VSL for a Certificate IV level course or below.

You can search for courses that are approved to offer a VET Student Loan on MySkills. Look for the active 'VSL' logo. Not all registered training organisations (RTOs) are approved to offer VSLs. You can also search on MySkills for RTOs that are approved to offer VSLs.

There is a limit to how much you can borrow under VSLs, called the 'loan cap'. The loan cap amount is different depending on the course you study.

Some providers may offer courses that cost more than the loan cap. In these cases, students must pay the difference between the course cost and the loan cap. For example:

Alexa enrols in a Diploma of Business.

The total course cost is $6,000.

The loan cap for a Diploma of Business in 2019 is $5,171.

Alexa must pay the difference of $829 directly to her course provider.